At its core, a value bet is when the odds on a particular outcome are higher than the actual probability of it happening. This means the bookmaker has underestimated a team’s chances of winning, or maybe they’re overlooking some key factors. In simple terms, you’re betting when the odds are in your favour, rather than the bookie’s.
Imagine two teams: Enyimba FC and the Kaizer Chiefs. Suppose the odds suggest a low probability of Enyimba winning. But you know they’ve got a strong lineup and a recent winning streak, that’s when you might be looking at a value bet. You’re taking advantage of overlooked info, betting on a higher payout than the risk would normally justify.
